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Oct 7, 2012 6:00pm PDT
>> jeff: gas prices in california push beyond the record set only yesterday. john blackstone on where it goes from here. 30 days away, the president is campaigning for more cash following a huge haul in september. nancy cordes is in los angeles. a hospital that wants to make house calls. >> take a deep breath n and hout. >> jeff: good for patients and the bottom line. then the man about to jump from 23 miles up. a freefall to break the sound barrier. >> this step not unknown that is why i'm nervous. captioning sponsored by cbs this is the "cbs evening news." >> jeff: good evening, everyone, i'm jeff glor. the price of gas in california set another all-time high overnight. the state average at $4.66 cents a gallon breaking the old record set just yesterday. the national average now a full 85 cents less. with more on why this rise continues and what happens next, here's john blackstone. >> reporter: for california drivers sunday brought yet another jump in gas prices. the statewide average up a nickel overnight to almost $4.66 a gallon. it has happened every day for the past we
Oct 6, 2012 6:00pm PDT
gas in the country. as john blackstone reports, this could only happen in california. >> in the golden state, gas gold. the rush is on to fill up at a los angeles-area station where the price is only $4.55 a gallon for regular. that looks reasonable to drivers who say many stations charging $5 a >> $10 in gas isn't even going to give me a quarter of a tank. it's really out of control. >> reporter: aaa reports the average high is $4.61. a record high $4.61, it's well above that in many metropolitan areas and in some stations far above that. >> i got gas yesterday at $4.69 d i got gas yesterday at $4.69, and today i saw this at $5.69. 9.said no, i'm not going to get get f reporter: in san francisco, the average is $4.69 a gallon. the lack of buyers at a station charging $5.09 shows drivers shve their limits. the prices are linked to a evron rdisruption beginning with a fire at a san franciso chevron refinery in august. at monday, a power failure shut down an exxonmobil refinery and pipeline is also out of lineice. california pollution rules require a gasoline blend that is int readily a
Oct 13, 2012 6:00pm PDT
that the economy is improving. but john blackstone reports that unemployment remains a concern, even if places you might not expect it to be. >> the new iphone 5. >> reporter: with each new product, each groundbreaking innovation, high-tech is an employment magnet. >> there is a hiring boom in silicon valley. >> reporter: kris stadelman helps high-tech workers find jobs. the tougher part is keeping those jobs. >> occupations are creating and destroyed here faster than anywhere else, just like new technologies are creating and destroyed faster here and replaced and become obsolete faster than anywhere else. >> reporter: so with every new round of hiring, there are also layoffs by the thousands. the unemployment rate in the silicon valley area is 8.5%, higher than the national average. >> life is not as great in silicon valley as we'd like to think. >> reporter: tom schlemmer, logistics manager, has been downsized four times. >> we're surrounded here by over-achievers and innovators, and people doing great, great work, and oftentimes, it is tough to have to explain that you're in a position where yo
Oct 17, 2012 5:30pm PDT
saying that you're fired. >> pelley: and john blackstone in san francisco with the fastest boats on the bay, looking to capture a wave of new fans. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. the f.b.i. says it has arrested a young man in a manhattan hotel today as he pushed the buttons to set off what he believed was a massive truck bomb outside the federal reserve bank of new york. what the man didn't know was that his accomplices worked for the f.b.i. the plot unfolded in the heart of lower manhattan, a few blocks from the former world trade center site. the federal reserve bank of new york is vital to the nation's financial system. it is the clearing house for the transactions of the nation's largest banks. and the storage site of vast reserves of gold. senior correspondent john miller has been talking to his source at the f.b.i., and he has details of the plot and the suspect. >> reporter: quazi mohammad nafis came to the u.s. from bangledesh on a student visa to study at southeast missouri state university. he caugh
Oct 11, 2012 5:30pm PDT
by changes in the environment. and john blackstone tells us about that. >> reporter: on the shores of washington state's olympic peninsula, bill dewey is a farmer, a shellfish farmer. he's been raising oysters, clams, and muscles for 30 years. >> i'm in shellfish heaven. it is just a gift of nature. mpsthe hatchery pumps in seawater to nurture baby oysters, this looks like dark igter when you first look at it but in fact there are 20 million baby oysters in this little tank in front of us here. >> >> reporter: but suddenly the ocean water is preventing new oysters from forming shells. they die. >> it dissolves the shells of of oysters. >> reporter: they're very vulnerable. ibed theibed the die-off to hundreds of scientists in monterey, california. they call is ocean -terification, and with google, produced a globe showing the long-term impact. the deepening red illustrates the expected rise in ocean acid levels over the next three centuries. what is turning the oceans to acid is carbon dioxide from cars and factories. 30% of co2 released into the atmosphere is absorbed by the ocean
Oct 18, 2012 4:00am PDT
. that's thanks to modern technology and design. as john blackstone reports racers hope the high seas pace will help draw new fans. >> reporter: the million dollar sail boats racing in san francisco bay often narrowly miss each other and sometimes come dangerously close to capsizing. speed and danger are bringing new excitement to an old sport. >> this is not your grandfather's sail boat. >> definitely no. the speed and the technicality, everything happens so fast. >> reporter: travis rice knows plenty about speed. he's a professional snowboarder, an x games champion who pushed to get on board one of the new style racing boats used to train crews for next year's america's cup competition. >> i think that this new approach is going to give a lot of the younger generation a bit of whiplash when they really are able to connect and see what's going on there. >> reporter: to reach new fans the america's cup organization is hoping to capture tv viewers by putting live cameras and microphones right on the boats. viewers get an up close look at the action, even the occasional man overboard. o
Oct 13, 2012 10:00pm PDT
blackstone shows us even tech industry veterans are finding work tough to come by. >> the new iphone 5 -- >> reporter: with each new product, even groundbreaking innovation, high tech is an employment magnet. >> there is a hiring boom in silicon valley. >> reporter: chris helps high- tech workers find jobs. the tougher part is keeping those jobs. >> occupations are created and destroyed here faster than anywhere else, just like new technologies are created and destroyed faster here and replaced, and become obsolete faster than anywhere else. >> reporter: so with every new round of hiring, there are also layoffs by the thousands. the unemployment rate in the silicon valley area is 8.5%, higher than the national average. >> life is not as great in silicon valley as we would like to think. >> tom has been down sized four times. >> we are surrounded here by overachievers and innovators, and people doing great, great work, and oftentimes, it is tough to have to explain that you're in a position where you're still searching. >> reporter: he's been out of work for 10 months, an eternity i
Oct 27, 2012 5:00am EDT
doing that against carver. touchdown for coleman blackston, 27 yards. leland lassiter, six off nije fitzgerald. blackston again, 20 yards, going through the big holes in the for the touchdown 22-0. dunbar in front. and one more to go, william prest, oliver robson, the connection is good. dunbar with the lead and not done there. dunbar opens up its new home with a blowout win, 64-0. there's a look at sports. i'm pete gilbert. >> 5:56 and 59 degrees at b.w.i. here's a look ahead to our next hour of 11 news saturday morning >> i'm george lettis. maryland begins the big preparations for whatever hurricane sandy throws our way. >> all that moisture from sandy is getting closer and we are seeing some of the clouds here. we will talk about the insta-weather plus forecast >> and sandy has governor o'malley declaring a state of emergency. what this means for maryland when 11 news saturday morning continues. >> you're watching wbal-tv 11, live, local, late breaking. this is 11 news saturday morning. >> a state of emergency has been declared for every county in maryland as we all brace f
Oct 16, 2012 12:00pm EDT
for being on the mark, on the money, blackstone's byron wien weighs in and why the stock market may have a stronger finish than you think this year. >>> later we get wilbur ross' reaction, the legendary investor also tells us where he's seeing opportunities right now. be back in two minutes on "fast money halftime report." looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidel >>> all right, welcome back to "the halftime report." at session highs. the s&p 500 now higher by more than 14 points that is 1% on the nose. 1454. what's leading it higher? the material sector. we show you the spdr here and energy, the other sector that's lea
Oct 18, 2012 12:00pm CDT
and robbed a 22 year-old man at east 57th and blackstone monday morning. the female student was treated at a hospital for head injuries. chicago police arrested the suspects shortly after the attack. chicago rapper chief keef will stay out of jail despite prosecutors attempts to put him behind bars for his own safety. keef, whose real name is keith cozart, appeared in juvenile court yesterday. cook county prosecutors say he violated probation in a gun case and asked a judge to put him in juvenile detention. they fear keef could face retribution for last month's fatal shooting of rapper "lil jo-jo". he has not been implicated in the death but police are investigating if the shooting stemmed from a war of words between the singers. the judge did not order keef to be detained. coming up tonight on the wgn news at 9 - frank holland takes a closer look at chicago's rap music scene and its influence on violence in the city. a man from bangladesh is in custody in new york on charges of plotting to blow up the federal reserve bank. his name is quazi mohammed rezwanul ahsan nafis he came
Oct 8, 2012 7:00am PDT
are paying more than $5. as john blackstone reports the governor is now stepping in and taking some action. >> $74 and counting. >> reporter: with gas prices rising steeply for a week, some california drivers are buying as little gasoline as they can. >> they're keeping tired old grannies like me at home. i can't pay all these big prices. >> reporter: california's governor jerry brown agrees it's an emergency. so he authorized an immediate switch to winter blend gasoline which can be more polluting but could soon bring down prices by 15 cents to 20 cents a gallon. relief drivers say they need. >> i had to cut back on the groceries in order to get some gas in order to get to work, get the kids to school. >> reporter: prices went up so quickly last week they sometimes seemed to change by the hour. >> in a week it's gone up about 52 cents. absolutely unprecedented from our perspective. >> reporter: the sharp rise was blamed on the supply squeeze that began after a fire shut down part of a chevron refinery in august. then a power failure knocked out an exxon refinery last week. with both refin
Oct 10, 2012 7:00am PDT
is right" that around. john blackstone has that story. john, this is on my bucket list to do the "price is right." i'm jealous. that's coming up next on cbs "this morning." >> this portion of cbs "this morning" sponsored by this portion of cbs "this morning" sponsored by breathe right. it's your right to breathe right. sleep like you mean it and rise to mornings alive with activity. breathe better, sleep better. one free try is all it takes. it's your right to breathe right! one free try is all it takes. ancr: at jennie-o we think some things are worth getting up early for like a better breakfast so on august eighth we woke up a sleepy town to show that eating well can be easy and delicious with jennie-o turkey bacon and sausage cooked thoroughly to 165 definitely very good it's excellent this is delicious makes me want to eat breakfast more it's time for a better breakfast i can't stop eating this make the switch look for jennie-o at a store near you tomato, obviously. haha. there's more than that though, there's a kick to it. there's a pop. wahlalalalallala! pepper, but not pepper, i'
Oct 12, 2012 7:00am PDT
leaders. as john blackstone reports, the secrecy is ending with a wave of evidence now posted online for everyone to see. >> reporter: tom stewart became a cub scout in 1970 and almost immediately became a victim of his scout master. >> i was in scouting with my brother, matt. and we were sexually abused for the better part of ten years from age 8 to 18. >> reporter: he says he is just one of many boy scouts who have been molested by those they trusted. >> it's not easy for me to get up here and talk about this. but, you know i do want to speak for all the victims that can't speak for themselves. >> reporter: there have been hundreds, if not thousands of other victims documented by the boy scouts in what came to be called the perversion files. in 1935 "the new york times" reported the group created a red flag list naming almost 900 men removed for, quote moreal perversion. patrick boil collected boxes of the files released during court cases against the scouts. >> these files are an incredible treasure trove of information about how molesters operate with
Oct 17, 2012 5:00pm EDT
in it. >> you like blackstone. >> we like lazard. the real estate related financials. c.b. richard ellis. we like those businesses. even though for ellis with european peen exposure it casts a cloud over the country but we say who will be insourcing real estate management? if you're pepsi, or coke you are not bringing it back in managing your real estate around the world. >> we're going to take a break. please stick around for us. >> absolutely. >> fantastic. we'll get more after the break. including a pick on the sport side she thinks could be a slam dunk. excuse me for the bad pun. and then from a nation of renters to homeowners. if the market is flipping so is the trade. we have the names to own now. more "fast money" up next. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go
FOX Business
Oct 9, 2012 3:00pm EDT
bought by blackstone and that was one of the counts he was convicted of. he is a fugitive. you went back to indiana and fired and indicted by the justice department and filed civil charges and there was one lame attempt to get him like a local magistrate to convince him to come back. [talking over each other] charlie: just -- [talking over each other] charlie: he is over inerrant charged with securities fraud and faces five years in jail and raj rajaratnam serving a ten year sentence and they have essentially given up trying to get him back. [talking over each other] charlie: extradition charges in india pretty weak especially for this fraud. it is not like murder or rape. it is security for criminals and securities fraud and insider trading is not the worst thing in the world. i am not saying it is good but i put it low on the totem pole of things that are the real bad stuff and bernie madoff -- an extradition on raj rajaratnam he went back to sri lanka which listen, the law in sri lanka and similar to that in the u.s. and here's what we spoke with prosecutors associated with this case.
FOX Business
Oct 19, 2012 4:00pm EDT
with just new homes they just rent to people. they build them to rent them to people. others like blackstone, they're putting these sort of things together too. the question can you meet their desire for volume? this is a way to make money right now and wall street is in it in a big way. >> can't even getting around to getting new drawer pulls. my hat's off to the company. jeff, thank you very much. jeff flock. david: so if you don't trust this rocky stock market, and since you're not getting a lot out of bonds could discounted real estate be the safe haven you've been looking for your cash? joining me, mark fleming, chief economist for corelogic. mark, i don't know in you heard jeff's segment but there are people who are making bets. over time this guy is making a lot of bets on the market eventually coming back. is that a wise choice? >> i think so. i think he is right, in the segment before you said prices are very low. we're at historic lows for the priceselves. they're coming off the bottom. so buying an asset that is now beginning to rise in value it is a good thing particularly if you
Oct 11, 2012 5:00pm EDT
's had a big run are very cheap. kkr and blackstone. we think there's been really almost a once-in a-lifetime opportunity to buy some of these highest quality names. >> well, if you look at the quality versus the sediment, if it's trading at .5 times book, you might as well trade it at .3 times. cheap is cheap. but don't they have to deliver on the fundamentals? and what do you think jpmorgan has to do? i think everybody and their brother knows they're going to beat the quarter. >> well, they need to talk confidently about the future. and that's one of the nice things about jamie, he's very good about telling you about what he sees, telling you whether the business is getting better or worse. and i think he's going to have a relatively positive outlook tomorrow. and that does tend to drive not just jpmorgan stock, but all the financials. i think he's going to be positive tomorrow. >> charlie, good to speak with you. >> thank you. >> and when we say charlie's got a big weight, 31% in financials. >> he better. >> that is a heavy weight. >> jamie better be positive tomorrow. >> i don't
Oct 15, 2012 12:00pm EDT
trade. >> i like the i sha-share india. i think the market continues to go higher. >> blackstone, bx. you can get longer name here around $15. this part of the sifkle sets up really pose
Oct 21, 2012 9:40pm EDT
, the small line that divides comedy and tragedy in our lives. and then everything else, blackstone's commentaries, robert burns' poetry, any time he could get a book, it highly irritated his father who was a hard working farmer, lincoln hated farming. no matter what you've heard about splitting rails, his great energy drive was in the brain and reading and enlarging his knowledge. when his father would give him something to do on the farm, particularly he would find lincoln a couple of hours later, propped up against a tree, reading a book. he thought he was lazy. and he would frequently severely criticize lincoln. the relationships between them got so tense that lincoln left home and didn't even attend his father's funeral. because of the bad feeling that developed between the two of them. but fortunately, he had two very creative, wonderful mothers, the first mrs. lincoln spotted his intellectual abilities. she spotted his ability to retain what he had read. and she urged him, despite his father's admonitions to the contrary, to read at every opportunity. when she died, the secon
FOX Business
Oct 8, 2012 11:00am EDT
offers. they already have offers to be taken private by a few names, by blackstone, carlisle group, and silver lake management. we will continue to watch what happens here with all script and drx is the ticker. you can see -- mdrx is the ticker. you can see it is up. connell: the unemployment rate surprisingly dropped to 7.8% last month. there's been all this talk since then on whether it was a real number, which it is. the report revealed there are still some real employment problems in the country that need to be fixed. let's talk about with former chairman of the council of economic advisors under president clinton. he joins us from d.c. right now. on this show we have dismissed this idea of conspiracy, this number somehow fudged, no evidence to support that at all. in talking about that, we missed the fact the so-called real unemployment rate includes people who are discouraged, that stayed 14.7%, not good, fewer private sector jobs than forecast were added last month. again, not good. so for president obama, do you think unemployment is still a political liability at this poin
FOX Business
Oct 8, 2012 1:00pm EDT
reported that some names have already made first round bid. blackstone group, silverlake management, right now the stock is up 3%. off of it earlier highs. up $0.41 at 13.74. navistar. we have talked about karl icahn. working very hard to try to change some of the management on the board. they will fill up ten members. three of which are now karl icahn approved. melissa: thank you so much. to fix the debt, it has passed the $16 trillion mark. charlie gasparino comes up next. lori: let's check the dollar today. concerned out of europe have the dollar gaining a little ground. we will be right back. ♪ ñ ♪ >> i am lauren green with their fox news minute. turkey's president faced the worst place than arabs are place and syria. turkey says it is truth that they retaliated for a six straight day. the center for disease control says there are now 91 confirmed cases of meningitis. at least seven people have died. massachusetts pharmacy that distributed a steroid has issued a voluntary recall out of caution. the confessional -- art is booked solid on columbus day. it has become a must see cu
FOX Business
Oct 18, 2012 11:00am EDT
their mortgages. let's talk about blackstone. another name on the move. they posted their numbers for the third quarter. what they saw, we should know, obviously, and asset number type company, they actually had a good quarter. up 2.1% right now. connell: the fbi arrested this man for attempting to blow up the federal reserve building. dagen: 19 days until the election. both campaigns campaigning hard for the female vote. lou dobbs is here to wait and. take a look at world currencies. totally unrelated to, well, anything. ♪ energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. wee america's natural gas. [music playing] announcer: movement. along with weight loss, it's one
Oct 12, 2012 7:00am EDT
and volunteers. for cbs "this morning," john blackstone, los angeles. >>> it is time now to show you some of this morning's headlines. leon panetta warns united states is vulnerable to a cyber pearl harbor. hackers threaten to attack the power grid, financial networks and government. those hacksers are getting morography. >>> the "wall street journal" reports a slow down in job growth because some businesses are worried about the fiscal cliff. 1/3 of companies say they are not hiring right now because they don't know what congress is going to end up doing about taxes and spending. >>> there are 7 billion people in the world and the "los angeles times" says 6 billion of them now have a cell phone. the new report says only 2.3 billion people in the world have internet access. >>> the "the washington times" says a giant panda cub died last month at the national zoo because of underdeveloped lungs and liver damage. officials say it is possible that the female cub was born prematurely because its lungs were not fully developed. they are optimistic >> this national weather report sponsored by m
Oct 2, 2012 6:00am EDT
said look, but before i spend any more time, tell me whether your partners at brookfield or blackstone are interested. blackstone said sounds great to us. we began a process going on for 10 or 11 months where brookfield has been working on a deal to buy the company sore so i thought. what's really been going on working up setting up an entity called brookfield property partners and the entity will end up with their stake in ge growth and they want to keep general growth forever. if they keep it forever shareholder also miss out on their control premiums so to lay it out we asked the board in light of the situation, brookfield will get control of this company, creeping every quarter buying a little more shares we're going to be in position where the control premium will be taken away from us. we want to you protect us, form an independent committee of directors. >> i'm going to sam. what should happen? >> first of all i think you got to go back to history and history of canadian companies is all about not paying for control, not buying 100% of another company and maintaining control by
Oct 11, 2012 6:00am EDT
of 2006, blackstone and kkr were both circling free scale semiconductor after blackstone outside kkr's consortium, hamilton james e-mailed about henry cravis writing "henry called to say congratulations and they were standing down because he told me before he would not jump a signed deal of ours." dan ackerson, working at carlyle writing "asked us to step down" and tpg saying "all we can do is do unto others as we want done unto ourselves. it will pay off in the long run even though it feels bad in the short term." >> couldn't you write off some of this as saying look nobody wants to get involved in a messy back and forth bidder war and it's costly and suddenly the deal doesn't look like it makes sense anymore if you get into that situation? >> absolutely. however, some of the e-mails suggest something larger going on, maybe not in a grand scheme, but -- >> you scratch my back i'll scratch yours. >> we have roger altman, i'm curious, you worked on some of these transactions. do you have views? >> i haven't been following the suit itself, but there's a lot to what becky just said in t
Oct 5, 2012 2:00pm EDT
the blackstone enormous or just the norms of 79 -- 1780 not -- blackstone enormous or just the norms of 1879. the whole point was that the pirates a 1789 had become the torturer of 1975. the statute was accepted as applying to a least some categories of very serious human rights violations. andrew made fun of my word "essence." we endorsed the reasoning, that probably meant something. it meant they were intent on enforcing those kinds of norms. they created a test that said modern norms and had to meet the same specificity and supports and universality as norms like piracy. it did not say, only pirates could be gotten. it said, there were other norms that could be enforced. i agree there were other issues left open. it seems to me at that point, there is no question that sosa accepted that the modern lot of international human rights could be forced. -- could be enforced. >> if you look at the transcript from yesterday, justice kennedy and read from -- kagan read from the transcript. the torturous has become like the pirates and slave trader before him. we give a stamp of approval, there wer
Oct 11, 2012 9:00am EDT
, blackstone, fortress, oaktree. obviously they became public at different times in terms of the capital market cycles. we did tag this one as one that was going to work. in fact, it has worked. what next for carlyle? go to the next screen, please. here it's very simple. when they became public they said the distribution of the dividend would be somewhere between 8% and 9%. given what's happening out there thanks to qe i think it's going to be at the higher end of the range. the nav funds up 5%. with the deal that became public today the montization is strong. wind at their back quite a bit right now. they are the beneficiary. every time somebody buys, somebody sells, they're selling stuff. they are the beneficiary of what's happening in the junk world. rubenstein has gotten quite a bit of press. if you tune into squawk box tomorrow morning, rubenstein will be there. part of the special at the baron conference. ron baron second largest shareholder of this company after going public. quite an interesting segment to see what they say about the distribution which i think comes in at the high end o
Oct 16, 2012 9:00am EDT
, why he says pandit's departure will mean the stock will double and how do you trade it. blackstone's byron wean are exclusive guests. back to you. >> thanks so much. getting back to the news of the day, citi's ceo vikram pandit forced out as ceo effective immediately. david trone joins us on the news line. >> good morning. >> so much discussion as you know about was he pushed or not. does that make a difference to you in terms of whether or not you want to hold or buy the shares? s>> probably not because i thin in all -- i do think he was pushed and i think it was probably just your -- you know, run-of-the-mill disagreement on the future, you know, on the strategy and, you know, vikram was a strong-willed guy and i think michael o'neal is, as well. michael o'neal has had great experience turning around banks and i think, you know, it was more of a plain vanilla where do we go in here differing opinions and vikram had to go. >> yeah, you think smith barney might have been the straw that broke the camel's banck? >> i do. i'm using the luxury of hindsight in early 2009 citi needed cap
Oct 26, 2012 6:00am EDT
. first gain in three days. will the pick up continue into next week? byron wein from blackstone, $205 billion assets under management. i don't know how many years i need to go back for when you were saying things are pretty good and the markets, you know, we've already told you that you've been wright a few times about it. are you still long term? i mean, is everything the same in terms of feeling pretty good about things? are the latest revenue shortfall first time since '09 that we've had revenue really disappointing. are you getting a little bit less bullish near or ent intermediate term? good it's fa >> it's fair to say the events of the past month or so have made me more cautious. but the fiscal cliff larry is talking about is a critical issue. the way you look at it, it's $547 million, about 3.5% of gdp, an economy growing at 2% or 2.5%, you hit the economy with 3.5%, and then you're surely in a recession. both parties, i don't know who lin t win the election, but both candidates will defer an important part of it, but part of it will be tough to defer. so let's say you get 1.5%
Oct 9, 2012 1:00pm EDT
that was common ground. i'm glad to know it isn't. >> sosa said, looking to the three blackstone paradigms, assault on ambassadors, and piracy, that certainly the antecedents to the ats, the morbois incident of an attack in philadelphia, and the new york constable entering the home in new york city of the dutch ambassador, those were incidents on u.s. soil. >> we -- we don't concedeand soe third paradigm, piracy, might also be covered. >> well, i thought that was the most clear violation of an international norm. the one thing that the civilized countries would agree on is that you -- >> at the time. >> capture pirates. >> our clear -- our position on piracy is this. even if you think the ats and federal common law can extend to conduct on the high seas, which are stateless, a place where no foreign sovereign rules, that does not mean that the ats and federal common law can apply to conduct within a foreign sovereign's borders -- >> well, it doesn't mean that. it doesn't mean that, but if the -- what is the question we're asking. if, when the statute was passed, it applied to pirates, the
Search Results 0 to 34 of about 35 (some duplicates have been removed)